the banker's discount and the true discount on a sum of money due 8 months hen

Question

the banker's discount and the true discount on a sum of money due 8 months hence are rs. 120 and rs. 110 respectively. find the rate percent.

Options:

A . 120/11%

B . 130/11%

C . 140/11%

D . 150/11%

Answer: Option D
Explanation :

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